Knights of Columbus Asset Advisors LLC Purchases 7,657 Shares of Lennar Corporation $LEN

Knights of Columbus Asset Advisors LLC grew its position in Lennar Corporation (NYSE:LEN) by 15.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,378 shares of the construction company’s stock after acquiring an additional 7,657 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Lennar were worth $7,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in shares of Lennar during the 2nd quarter valued at about $33,000. Rexford Capital Inc. purchased a new position in shares of Lennar in the 2nd quarter worth approximately $36,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lennar during the 2nd quarter valued at approximately $43,000. Cary Street Partners Financial LLC bought a new stake in Lennar in the second quarter worth $47,000. Finally, Harbor Investment Advisory LLC boosted its stake in Lennar by 39.7% during the third quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company’s stock worth $51,000 after buying an additional 115 shares during the period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LEN. Barclays reduced their target price on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating on the stock in a research note on Thursday, December 18th. Citigroup reduced their price objective on shares of Lennar from $133.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. BTIG Research set a $90.00 target price on Lennar in a research report on Thursday, December 18th. Wells Fargo & Company decreased their price target on Lennar from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $106.38.

Lennar Trading Up 0.4%

LEN opened at $111.19 on Friday. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $144.24. The company has a market capitalization of $28.36 billion, a P/E ratio of 13.92, a PEG ratio of 1.62 and a beta of 1.42. The stock’s fifty day moving average is $115.87 and its two-hundred day moving average is $121.64. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a return on equity of 9.27% and a net margin of 6.08%.The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company posted $4.03 EPS. Lennar’s quarterly revenue was down 5.8% compared to the same quarter last year. Analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, February 4th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, February 4th. Lennar’s dividend payout ratio (DPR) is presently 25.03%.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.